New Delhi, 27 April (H.S.):

After three consecutive days of decline last week, India’s stock market recorded a strong rebound on Monday, restoring investor confidence and adding over ₹6.78 lakh crore (about $81 billion) to the wealth of market participants. The rally was driven by improved global risk sentiment, especially hopes of easing tensions in West Asia, which helped domestic indices open in the green and sustain most of the day’s gains.

The BSE Sensex closed 0.83% higher, while the NSE Nifty 50 ended 0.81% up, reversing the losses of the past three sessions. The Sensex opened at 76,856.05, climbed intraday to around 77,420, and finally settled at 77,303.63, up 639.42 points. The Nifty opened at 23,945.45, touched 24,130.70 during the session, and ended at 24,092.70, gaining 194.75 points on the day.

Both indices saw intraday volatility during the first half as short‑term selling and profit‑booking briefly weighed on sentiment, but buying pressure resumed in the second session and kept the blue‑chip gauges firmly in positive territory.

Most sectoral indices recorded solid gains. Healthcare, IT and metal stocks led the advance, while public sector enterprises, technology, oil and gas, FMCG, consumer durables, capital goods, auto and banking indices also closed firmly higher. The rally was broad‑based:

The Nifty Midcap 100 index rose 1.47%, and

the Nifty Smallcap 100 jumped 1.90%, reflecting strong participation from mid and small‑cap investors.

On BSE, 4,556 scrips saw active trading, with 3,075 closing higher, 1,288 lower, and 193 flat. On NSE, 2,996 stocks traded, of which 2,359 ended in the green and 637 in the red. Among benchmark constituents, 23 of 30 Sensex stocks gained, while seven declined, and on the Nifty side, 41 of 50 stocks closed higher, with only nine down.

Wealth creation and key gainers

The sharp bounce added substantially to the market’s aggregate valuation. The BSE‑listed companies’ combined market capitalisation rose from ₹461.17 lakh crore on Friday to ₹467.95 lakh crore (provisional) after Monday’s rally, implying a wealth accretion of about ₹6.78 lakh crore for investors.

Among major blue‑chips, top gainers included Sun Pharmaceutical (up 6.98%), Reliance Industries (+2.86%), Wipro (+2.85%), Tata Power and Tata Consumer, all of which contributed to the broader market’s positive momentum.

On the flip side, some financial and manufacturing counters such as Axis Bank, ICICI Bank, Shriram Finance, Bharat Electronics and Tata Consumer appeared among the top decliners, though the overall selling pressure remained modest compared with previous sessions.

Analysts said the rebound reflects renewed optimism that geopolitical risks in the Middle East may ease, which, if sustained, could support further consolidation and technical recovery in the Indian equity market. The broad‑based participation and strong mid‑ and small‑cap moves suggest that investor appetite for equities remains intact, even as traders remain cautious ahead of upcoming global macro events and policy cues.

---------------

Hindusthan Samachar / Jun Sarkar